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HOW TO SET UP YOUR FAMILY’S FINANCIAL SECURITY

Anyone with a family knows that the future is uncertain. That doesn’t stop all of us working hard to try and make it a little more secure, especially for the kids. You might already be saving hard for the simple things, like a holiday, or a special event. If your kids are proving to be quite academic, you might even be putting cash away for university in the future. Is there any more you could do today that won’t break the bank?

 

If you don’t have a mortgage, chances are you haven’t spent much time thinking about things like life insurance. These policies are designed to cover the cost of the outstanding loan on your house should something happen to you. Sometimes they cover serious injury or illness too. Usually, you have to request extra cover if you want it to cover any additional health costs or your funeral.

 

 

So how can your family cope if something happens to you that means your income is no longer there? Well, a funeral is perhaps the biggest expense they will face straight away. You can avoid them having to deal with that bill at such a bad time by looking into pre-paid funeral plans. You might also choose an insurance policy that promises a prompt payout should it become necessary in the future.

 

Putting a little cash aside each month now can be an affordable approach to ensuring your family can manage if something goes wrong. Of course, these scenarios are, thankfully, unlikely to happen. Instead, you might be keen to find ways to make sure your kids have access to funds for things like their education. What about their first home, and their future wedding? Where should you put your cash for those things?

 

Trust funds are a popular option. This is because the money cannot be touched until certain clauses are met. This might be something like reaching a milestone birthday or graduating with a degree. You are in complete control of this side of things, and it means the money is safe. High-interest options are also high risk, but it does mean your money has a chance to grow while it is waiting to be used.

 

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Do you need a Will? It’s considered to be a good idea if you have a family. It means that all your assets are listed and made available. A solicitor will usually take care of everything when the time comes and find the people listed on the Will. Generally speaking, your next of kin inherits everything. A Will gives you the chance to specify who gets what as well as identifying where your money is!

 

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What about a pension? Some private and some company pensions do offer a payout or continued income for your partner and dependents if you’re not around. However, these are the exception, not the rule, so check what benefits are included in your pension plan. You can always set one up that is more suitable to your requirements. Take a look at your household budget. Can you be sure that these bills can be met if you weren’t around?

 

 

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WHAT DOES IT TAKE TO BE PAID MORE MONEY?

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Given the UK has been under the grip of stagnant wage increases over the past decade or so, it won’t be much of a surprise that you might feel you are languishing somewhat in the pay stakes. And no matter how hard you work or how much commitment you show your bosses, they never seem to give you the pay rise that you want – and, more importantly, need.

However, there are people out there who are getting healthy pay rises and promotions – and all of them will be doing the right things when it comes to ensuring they are getting the best-paid jobs correctly. Let’s take a look at some of your options and reveal what is needed to get a better-paid job.

 

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Focus on the money

Ultimately, your value to the company you work for – or one that you want to work for – is based on money. It’s the money that you can make a business or that you can save for them that will make a difference – and you will get your rewards because of it. So, if you have great ideas that could make or save x amount of money for your employers, let them know, and ensure they understand your expertise and – most importantly – your value.

Train across different areas

The more adaptable you are, the better chances of getting a higher pay cheque – it’s as simple as that. Make sure that you always seek out new challenges and assignments at work, and make sure you are putting yourself forward. Get a broader view of your company to develop your insight, and take advantage of as many training schemes that are on offer. The more responsibilities you take on, the better light your employers will see you in.

 

Start networking

The reality is that you are only one conversation away from scoring a better-paid job than you have right now. So, it makes sense to employ a sensible, strategic networking strategy that ensures you will get face-to-face contact with the right people. Whether that is your team leaders and bosses, recruitment consultants, or attending local business networking events is down to you. But the more you put your face out there, the better chance of getting a well-paid job role.

 

Improve soft skills

Soft skills are an often forgotten part of earning more money than you do right now. Excellent verbal and written skills are critical, and your ability to work in teams, as well as motivation to work alone, can really make a difference. You should also be able to work well under pressure and be prepared to remain cool when the proverbial hits the fan.

 

Start asking the right questions

When you are in a job interview, don’t act like a candidate. Sure, you will need to impress your interviewers, and there is a delicate balance between a keen candidate and arrogant job seeker, but you need to ensure that the employer understands you are looking at them as microscopically as they are looking at you.

 

Hope these tips help – feel free to share any others if you have them!

 

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A CHANGE OF CAREER: 3 STEPS TO FINDING A BETTER JOB

 

Are you getting sick and tired of working the same old boring job? Would you like to try something more enjoyable that could help you to give something back? Then you’ve come to the right place. Today, I’m going to show you three simple steps anyone can use to change career. If you put this advice into action, you could have everything sorted in a matter of weeks. It all comes down to the type of job you’d like to find, and the availability in your local area. However, the strategy outlined below will give you the best chances of success. With that in mind, let’s get started.

 

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Look for progression routes within your current career

 

Before you do anything else, it’s wise to search for chances of promotion within your current role. Perhaps you could stay with the same company and do something different? You have to play it carefully. However, you should speak to your boss and explain that you aren’t feeling happy at the moment. Let them know that you plan to leave if you can find a better role elsewhere. If you are valuable to the company, they will bend over backward to put you in a better position. Just try not to come across as arrogant. Let the boss know you’ve love to continue working for them if they have something different.

 

Search for recruitment agencies that deal with your chosen industry

 

There are lots of recruitment agencies for almost every niche. So, you just need to search for companies that deal with desirable roles. Experts from Employ Social Care say that’s the best method of finding work in the care industry these days. So, if you like the idea of giving something back, maybe that’s an idea you’d like to consider? The hours are often long, but people working in those roles tend to experience high levels of job satisfaction. Agencies are also useful for driving jobs or anything else with a high staff turnover rate.

 

Use the internet to check specialist online job boards

 

We are living in the digital world, and so it makes sense that you should use the internet to your advantage. There are many online job sites for almost every industry. So, you just need to search Google to find the best listings. Some sites like Indeed allow you to upload a CV, and that means you can make applications fast. Just apply for as many positions as possible and try to obtain some interviews. There are also lots of articles online that will give you tips and tricks about the best ways to get decent results. Keeping eye contact etc. is important. So, make sure you read as much information as possible to give yourself a fighting chance.

 

If you follow the three steps outlined on this page, you should find a new job in no time. Whether or not you remain in the same industry is your decision. I just wanted to show you that anyone can move into a new career with ease these days. You just have to make proper use of technology and use some common sense. Whatever happens, I wish you the best of luck this year.

 

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WHAT ARE THE BEST ALL-ROUND INVESTMENTS?

If you are keen to make the most of your money, then thinking about investment is likely to be a good way to go. No matter what financial situation you might currently be in, you will find that with the right investment you are able to make much more of whatever you do have. Something that often stops people from trying to invest is that they think they don’t have enough to spare. But as it happens, even having just a little spare can often be enough to get started in an investment. This can be the case for many different kinds of investment, so it is important that you never feel as though you have to throw in the towel. Let’s take a look at some of the best all-round investments, as well as what you might want to do to get started with them.

 

 

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Precious Metals

 

This has to be one of the oldest investment types, and there is a good reason that it is still so popular. If you want to make your money go as far as possible, then you can do much worse than invest it in precious metals. If you do decide on this, you will find that there are a lot of choices to make. For a start, you need to know what kind of metal you want to invest in. This is one of the most important decisions, and one of the most difficult as well. Although all precious metals are usually worth investing in, they do differ considerably, and you need to look into which might be best for your current situation.

 

If you only have a little spare cash, then you might feel that starting with one of the cheaper metals is a good start. Steel or silver are surprisingly good options, and they are easy to get hold of. However, these markets can be surprisingly volatile, so there is very little in the way of certainty when you invest in these. If you are really keen on precious metal investment, then there is no denying that gold is the best. As long as you feel you can afford it, investing in gold is always going to be a good idea. Even when global markets crash, gold tends to remain a standard – the standard – so if you have some gold you are likely to be in a good position no matter what. Of course, it can be harder to have enough money to afford it, but if you are able to then this could be one of the safest investments that you ever make.

 

 

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Metals are not for everyone, but in the right hands they can be a useful and lucrative investment which can last for your whole life. The amount of control you have over it, coupled with the usual strength of the markets, means that this is an investment worth considering for just about anyone, from the first-time investor to the experienced professional.

 

 

Property

 

Although metals like gold and silver are relatively strong investments, they are not exactly certain. Property is not certain either, but you do generally have an extremely good chance of profiting well from it. The property market almost never crashes hugely, so you will find that this is a pretty sensible way to spend your money no matter what situation you are in. Of course, one of the main hurdles for most people is that you do need quite a fair bit of money to get started with a property investment. It is not the kind of investment you can just fall into, and it does require planning and a hefty amount of upfront capital. As long as you have that, though, there is a lt that you can do with such an investment. In order to make the most of it, it helps if you know as much as possible about what exactly increases value in property.

 

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As the old saying attests to, location is always the most important element of any property. As long as your property is in a prime location, you will find that it remains a good investment for as long as the market itself is relatively solid. But this doesn’t mean that all other properties are worthless. No matter where exactly your property is located, you will be able to improve its value considerably if you follow some basic advice. It is often a good idea to take on board a professional conveyancing firm like Bannister Preston. They will be able to guide you through the whole process, and that will often mean that you come out of the other side with much more in the way of returns. It is also worth spending some time watching the market before you either buy or sell. There is nothing quite as important as knowing when to buy and sell – this is how you really maximise your return on your investment, and it is one of the most vital skills that you can have in the world of investments.

 

As long as you are approaching it in the right way, and sensibly, you should be able to make a lot of money with this particular investment. Just be sure that you focus on the location, and the timing of your sell.

 

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Stocks & Shares

 

One of the earliest twentieth century investments is still one of the most potentially lucrative, but you do need to know a great deal in order to make the most of it. When you are dealing in stocks and shares, it can be quite difficult knowing everything you need to know in order to get the kind of return you want. It is also worth remembering that you never really know what kind of result you are going to get. In a way, this is an investment with a touch of gambling involved. But as long as you are happy to take a few risks, you might find that investing in stocks and shares works wonders for you and your own situation.

 

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THE SPENDING HABITS THAT COULD BE CAUSING YOU TO WASTE MONEY?

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I love treats, but sometimes the treat becomes a habit and before you know it, you are spending hundreds each year!  So I wanted to share with you some of the bad habits that we can get in to without realising it.  By pointing these out you can then decide if you want to stop and start saving the money.  I can assure you your budget will thank you for it!

 

Coffee Shops

It is so easy to nip in to a coffee shop on the way to work or during your lunch hour.  Even more so during the summer when the offering is even more delicious with smoothies!  But did you know that if you are buying a coffee at £2.50 each day, over the year it would add up to £650!  Now that’s a tidy sum to be saving.  Why not purchase an insulted coffee mug and brew your own coffee at home?  There are so many beautiful blends out there you may find one that is nicer than your regular coffee shop one too!

 

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Television

You know the song goes, 57 Channels (And Nothin’ On)?  Well it is more like 200 channels and often there is nothing on!  Many of my friends pay for TV packages that they don’t watch.  Why not spend some time writing down which channels you do watch and then see who has a better deal on specific packages.  If you don’t often watch TV, consider ditching it altogether and using your computer, that way you could also save on the TV licences.  But make sure you check out the legal requirements of ditching your TV licence first.

 

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Gym

I still have friends who pay for gym membership and rarely go.  Don’t waste your money on something you don’t use.  Cancel it immediately and download some of the free apps if need a little motivation to get fit.  You can also download the likes of from Couch to  5K and within a few months you will be running!  If you are the type of person who needs the gym to motivate you, there are many pay as you go memberships which could work out much cheaper.

 

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Mobile Phone

Are you on the right contract?  Track how you use your phone and how much data you use over a month.  You may find it cheaper to switch to a sim only deal.  Check out the great offers on Go Compare  to compare your current deal.  There is the potential to save hundreds on your mobile phone bill.

 

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Do you have any other suggestions that could save money?  I’d love to hear from you.

 

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BRINGING MORE MONEY IN TO THE FAMILY HOME

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Ask any modern family, and they will tell you that money is one of the most frequently revisiting problems they experience. For many of us, money can prove to be a real nuisance, and this is going to remain the case as long as you are not aware of how to improve it. As it happens, there are countless ways that pretty much any family can hope to bring in more money or to save what they already have. Knowing this, and doing everything you can to make the most of the situation, can mean that you live a much happier and healthier life with your family.

 

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Plan Meals

 

One of the most basic ways to save a surprising amount of money is to plan your meals well in advance. When you do this, you will find that it is much easier to save money on your weekly grocery shopping. And for most families, this does tend to be one of the major expenses, so reducing this is likely to make a considerable difference to your life overall. Planning meals is a lot simpler than you might think. Make sure that you vary your meals accordingly, and that you remember to actually plan for all meals (in other words, don’t forget breakfast and lunch!) Do this right, and your finances will thank you.

 

Live Greener

 

We have all heard plenty about living as green as possible. No matter who you are, you should agree that living a green life will help you to save a considerable amount of money. Not only that, but you will be helping the environment as well, so everybody really does win here. If you want to be a bit more green, there are plenty of things you can do, from the minor to the major. On a larger scale, you might want to visit the Nicholls website and see if ground source heat pumps are suitable for your home. This is a kind of heating which can save you a lot of money, and is more environmentally friendly as well. On a smaller, everyday scale, you could simply endeavor to use less water or to ensure your home is insulated properly. All the little changes you can make will add up to make a huge difference.

 

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Online Earning

 

If you actually feel in need of bringing in more money to your home, then you might be pleased to know that you can do that pretty easily these days. Thanks in large part to the Internet, you can now make extra money online incredibly quickly and easily. No matter what kind of time you might have to spare, no matter how little, you will be able to make some extra money if you know where to look. You have a lot of options here, but just make sure that you go for something that actually interests you above all. You don’t want to spend your time doing something soulless, but you can easily make a lot of money if you are happy, say, carrying out online surveys or installing a google add-on which pays you for clicks.

 

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3 CLEAR SIGNS OF GOOD INSURANCE

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These days, you can pretty much take out an insurance policy on anything you like – chances are, there will be a company somewhere willing to sell you such a policy. Of course, this is not to say that it is always necessary. But when you do want to take out insurance on something, either because it is a legal duty or because you just want to, then you want to know that you are going for a policy which you can trust, and a company which you feel you can rely on. It can be hard to know that is is the case, but as long as you keep your eye out for a few key signs, you should be able to spot good insurance policies when you see them. Let’s take a look at a few of those signs, so that you can be in a better position to find policies that suit you and which you can trust.

 

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Trustworthy Broker

 

These days, the majority of insurance companies work through brokers. If you are unsure what that is, it is actually quite simple. Essentially, the broker is the person or organisation who deals with the customer-facing aspects of the business. While the insurance company themselves actually deals with the policy and so on, the broker communicates with you directly, and is often the one who decide on whether a claim is successful or not. As your main point of contact, you probably want to be able to feel that you can trust them – and this is a good sign of an insurance company you might want to go for. If you can’t trust them, then it might eventually result in you taking out professional broker claims against them or worse – and you can believe that they don’t want that!

 

Fair Premium

 

It goes without saying that you will expect to pay some kind of a premium. After all, they have to make their money somehow. But you should be savvy when shopping around, and treat it like any other purchase which you might make. Be sure to go for a premium which you feel is fair for the policy you are getting. This can be hard to determine, especially if you are not experienced, so make sure to ask a financial advisor if you feel you need to. As long as the premium is fair, you will probably feel that you are happy with your choice, so this is a major sign to look out for.

 

Clear Terms

 

There are few things more frustrating than when an insurance company fails to be clear in their communications with you. When this happens, it can result in you losing out on a lot of money in the worst case scenario, and that is why you want to go for a company which is absolutely clear in its terms at all times. Be sure to read through the terms of the policy when you take it out – and if there is anything dodgy, then don’t go for it, but go elsewhere instead.

 

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HOW TO BE SMART WITH YOUR INHERITANCE

 

 

We were talking to a great friend the other day about inheritance. His grandfather passed away and left him a sizeable chunk of money that he wasn’t expecting.

 

What became clear right off the bat, though, was how immensely bittersweet the topic of inheritance is, and how much respect it demands. Not only that, but it is also clear that this topic has one foot firmly placed within the realm of taboo.

 

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Not talking about it, though, can be dangerous. They were his words, not ours. You suddenly have this money, which kind of translates as freedom, this chance to better your situation and use it as a way to remember a loved one, but that needs real consideration. That’s when we began discussing how to best invest an inheritance package with, you know, real long-term growth.

 

This is not an uncommon thought, apparently. That’s something we found out when doing a little bit of research, speaking to beneficiaries, probate solicitors, tax experts, and accountants. As such, we have come up with a list of things to consider when looking to invest an unexpected inheritance package.

 

  1. Look At The Bigger Picture

One of the first things you need to do is look at your careful and decide how this cash fits into the picture. It could be that you have debts with high-interest rates or credit cards to pay off, in which case it makes sense to invest some of your inheritance in paying this off.

 

However, if it is a mortgage or a student loan that you are considering paying off then we suggest you stop. Why? Because these are debts with low-interest rates and tax deductions, and that means your inherited cash could be better used elsewhere.

 

  1. How Much Of A Cushion Do You Have

This is always worth going through with a comb of any size because it could play a biggish factor in how much you rip from the wad and put to one side. For example, if you don’t have a cash cushion of any kind at the moment, then we suggest you put a sizeable chunk of your inheritance in a savings account you can easily access.

 

This may sound a little too sensible, but sensible is good when you’re talking money. If you want some guidance on how much you need to tuck away, the unwritten rule is a minimum of three months worth of expenditure. This is essentially a ‘just in case things go belly up’ account.

 

  1. What Vehicle To Drive

It is pretty much always worth speaking to an accountant. Period. This is because choosing which investment vehicle is primed to suit you – and your very bespoke situation – can be a tricky thing to get your inexperienced head around. They will be able to tell you about how you can use your inheritance to bump up your 401(k) retirement plan and hit the maximum contribution.

 

They may suggest you set up a Roth IRA and go through the best way to do this. Perhaps they will suggest high-interest saving account with your children named as beneficiaries on the account to avoid this inheritance going into probate should anything happen to you. There are a lot of options, which is why calling in the professional is never a bad shout.

 

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LEGIT WAYS TO MAKE MONEY ONLINE

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There are so many people who would love to be able to work from home so that they can avoid a long commute, spend more time with their children or just have a better quality of life, that it is not at all surpassing that scammers have started using work at home opportunities to defraud people.

 

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Many individuals looking for genuine ways to make money online have been scammed out of money and left to pick up the pieces. However, that doesn’t mean that it isn’t possible to make money online, quite the opposite, in fact. Here are some of the most legit ways to make money online:

 

Becoming a Content Writer

 

Websites need writers, which means that there are lots of genuine opportunities to become a freelance content writer working from home. If you are a good writer, check out websites like People Per Hour and Copify, or set up your own blog to showcase your writing and you could start making money in no time at all.

 

Becoming a Niche Website Owner

 

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For just a few dollars and a few hours of work, you can set up a niche website, and fill it with affiliate links and Google Ads, which can bring in more money than you might think if you are dedicated to creating a valuable website filled with content that people will want to read.

 

Take Advantage of Sign-Up Bonuses

 

If you think that you will be able to manage your money on Foxy Bingo, you might want to consider signing up for this, and other gambling sites, which offer free sign-up bonuses. You can then use the bonus money to play games like bingo, and possibly win a lot of money for free. Obviously, this won’t enable you to make a full-time income, but if you’re looking to make a little extra now and again, it’s an option worth considering.

 

Selling on eBay

 

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Many people are able to make a full-time income by selling stuff on eBay. In order to do this, you will need either to have enough capital to buy your starter stock wholesale or have a knack for finding bargains at thrift stores and garage sales, which can then be flipped for a profit.

 

Vlogging

 

Did you know some people have become millionaires just by posting videos on Youtube? It sounds incredible, but if you have something to say and you are able to come up with compelling content, you could make a regular income on a platform like Youtube. You probably won’t make millions, but you could earn enough to quit your job if you’re really dedicated, and your videos acquire a following.

 

Teaching

 

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If you have a particular skill that is in demand, whether it be painting, speaking Japanese or knowing how to code, platforms like Craftsy and could enable you to make an income online. All you have to do is create your own video course, upload it and wait for students to sign up.

 

I hope this has given you some ideas that will help you to work from home or, at least boost your income online. Let me know how it goes.

 

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HOW TO MAKE MONEY WITH SURVEY SITES

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I have spoken at length before about a fantastic survey site Prolific Academic, survey sites are a great way of making extra money and vouchers, you would be surprised at how easy and quickly you can earn by just answering a few questions.

 

You could earn as much as £5 for completing questions which could take up to 30 minutes of your time.  It is easy to do in your lunch break!

 

Survey sites do differ in what they offer in terms of number of questions, time you need to take, types of questions you are asked to complete and the amount of money you are paid.

 

Below I have listed a further two survey sites which I recommend as a way of making extra cash…

 

 

Reward TV UK

RewardTV has been around for approximately 10 years.  You sign up and answer questions about your viewing habits and other likes and dislikes in relation to TV programmes.

 

It’s a very easy to register and start earning.  Basically you watch TV as you normally do, you then login to their website and answer questions about what you watched.

 

Answering questions allows you to accumulate points which you save up and then get to spend.

 

Why not register today and see how much you can accumulate?

 

 

 

Pinecone 

 

This is a great site, where you get to help influence tomorrow’s products!  You complete surveys from the comfort and convenience and get paid for sharing your thoughts.  Membership is totally free and only takes a few minutes to sign up.

 

Pinecone is very generous in terms of payment – you can earn up to £3 per survey so really worth signing up to now!

 

Why not register here and start earning now?

 

 

Happy money making!

 

 

Elf x

 

 

 

ANT TO MAKE MONEY WITH YOUR OLD RECEIPTS?  READ ALL ABOUT IT HERE.

WANT TO EARN GIFT VOUCHERS?  READ MY REVIEW OF SWAGBUCKS.  

INTERESTED IN KNOWING WHAT A VIRTUAL ASSISTANT DOES AND HOW YOU CAN MAKE MONEY?  READ MORE HERE.  

WANT TO GET PAID FOR COMPLETING SURVEYS?  READ MY POST ABOUT PROLIFIC ACADEMIC HERE.

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